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MSC Millennium Silver Corp

0.005
0.00 (0.00%)
05 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Millennium Silver Corp TSXV:MSC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.005 0.005 0.005 0 00:00:00

Constellation Software Inc. Reaches Agreement to Acquire Municipal Software Corporation

03/06/2008 11:01pm

Marketwired Canada


Constellation Software Inc. ("Constellation") (TSX:CSU) announced today that its
wholly-owned subsidiary N. Harris Computer Corporation ("Harris") has reached an
agreement to acquire substantially all of the assets of Municipal Solutions
Group ("MSG") (TSX VENTURE:MSZ), including the shares of its wholly-owned
operating subsidiary, Municipal Software Corporation ("MSC") (but excluding
those assets which constitute MSG's "Local Government Manager" product). MSC is
focused on the delivery of permits & inspections, planning & zoning, and code
enforcement software solutions to municipal government clients throughout North
America. MSC will complement Harris' growing land management solution practice
with the addition of a market leading solution and over 125 customers.


The transaction is expected to close in mid to late July and is subject to
customary closing conditions, as well as approval by the shareholders of MSG,
and receipt of all necessary stock exchange and other regulatory approvals.
Harris has entered into an agreement with MSG's largest single shareholder
(which shareholder owns approximately 52.2% of the total number of issued and
outstanding shares of MSG) pursuant to which the shareholder has agreed to vote
its shares in favour of the transaction.


"This will be Harris' fifth acquisition in 2008," commented Bernard Anzarouth,
VP, Mergers & Acquisitions of Constellation. "We are pleased with the pace that
Harris continues to deploy capital."


About Constellation:

Constellation's common shares are listed on the Toronto Stock Exchange under the
symbol "CSU". Constellation Software is an international provider of market
leading software and services to a number of industries across both the public
and private sectors. Constellation acquires, manages and builds vertical market
software businesses that provide mission-critical software solutions to address
the specific needs of its customers in those industries.


About Harris:

Harris is a wholly-owned subsidiary of Constellation and is a leading provider
of financial management and Customer Information Systems (CIS) software
solutions. Since 1976, Harris has focused on providing feature-rich and robust
turnkey solutions to all levels of local government, public power and water
entities as well as school districts throughout North America. Harris' focus is
on creating long-term relationships with our customers and ensuring that we meet
the changing needs of our customers over time. For further information on Harris
Computer Systems, please visit our website at http://www.harriscomputer.com, or
call 888-847-7747.


Forward Looking Statements

Certain statements herein may be "forward looking" statements that involve known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of Constellation or the industry to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. These statements
reflect current assumptions and expectations regarding future events and
operating performance and speak only as of the date hereof. Forward looking
statements involve significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not necessarily be
accurate indications of whether or not such results will be achieved. A number
of factors could cause actual results to vary significantly from the results
discussed in the forward looking statements. These forward looking statements
are made as of the date hereof and Constellation assumes no obligation to update
any forward looking statements to reflect new events or circumstances.


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